Prices of most production goods decline in China

China's official data showed that most production goods monitored by the government posted lower prices in the middle 10 days of June compared with the previous 10 days.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 35 goods saw their prices fall during the period, with 10 posting higher prices and five seeing their prices unchanged, according to the National Bureau of Statistics.

Prices of rice and gasoline led the declines while those of coal and soybeans posted slight growth during the period, the bureau said.

The reading, released every 10 days, is based on a survey of nearly 1,700 wholesalers and distributors in 24 provinces and regions.